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Coronavirus Lockdowns Have Made the Rich Vastly Richer and Poor Vastly Poorer

New figures from the Bank of England show what many of us predicted – that the effect of shutting down the economy would increase wealth inequality and hit the least well-off hardest. And it’s just going to get worse.

The Bank of England has published the first real data that shows how inequality has increased during the Covid-19 crisis revealing that those of us who argued that shutting down the economy for a long period of time would wreck working class people’s lives were not far-right lunatics and granny killers, but just right.

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